The $254 billion orthopaedic industry is growing at 12% annually in the US. $100 billion is directly attributed to spine and back ailments, along with $32 billion spent on medical and $68 billion on indemnity for �lost time away from work�.
31 million Americans are suffering from back pain at any given time. Similar figures are seen in all industrial countries. 85% of Lower Back Pain (LBP) is undiagnosable and cannot be treated by surgery or other direct means. The rapidly rising cost of LBP is driving a need for more time/cost sensitive treatments for the disease. A growing body of literature is pointing to an early return to normalcy as the most time & cost effective approach.
PneuVation Medical Inc. is built on patented technology (US 7,591,797 B2) that is capable of achieving substantial musculoskeletal unloading forces while being constructed solely from soft and supple materials. This brand-new technology allows freedom of movement in a pain low or eliminated environment. The technology is readily transferable to a multiplicity of devices in a number of medical product lines.
PneuVation�s initial device, �Trekke Lumbar Lift� is designed to intervene in the daily degenerative compression cycle of the lumbar spine and alleviate Reduced back pain. It�s soft and supple nature allows for extended daily use and so a quick return to a normal daily routine while providing ongoing mitigation for the disease. A Study completed in 2010 by Cleveland Clinic in Cleveland Ohio has actually validated Trekke�s ability to affect lumbar spine �unloading� and to relieve pain in several conditions of Reduced back pain.
The unique attributes of PneuVation�s patented innovation positions their technology at the forefront of the musculoskeletal unloading field.
Owner can be reached at 867.993.5103
Asking Price Range: $1.0M – $2.5M
Gross Revenues: Seller Will Provide
Cash Flow: Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Yes
Year Established: 2004
Number of Employees: 1 – 3
Current Real Estate: Owned